According to Odaily Planet Daily, the Dinghai District Court in Zhoushan, Zhejiang Province, has concluded a case involving an accomplice in the Tether (Tether) cryptocurrency scandal. The defendant registered multiple "businesses" on an overseas cryptocurrency platform, profiting through shareholding dividends and buying low and selling high with Tether. Knowing that illegal activities might exist upstream in the transactions, the defendant still assisted in transferring funds related to telecommunications fraud and other crimes, accumulating over 5 million yuan in payments and settlements related to cybercrime. This was deemed a "serious offense," and the defendant was sentenced to imprisonment and fined. The 877,000 yuan in illicit funds seized in the case was returned to the victims. (Zhoushan Dinghai Court Official WeChat Account)
